Cellnex to acquire OMTEL from Altice Europe and Morgan Stanley Infrastructure for $892m.

Cellnex Telecom, an operator of wireless telecommunications infrastructure, is set to acquire OMTEL, a telecommunications infrastructure provider, from telecommunication company Altice Europe and Morgan Stanley Infrastructure Partners for $892m. The acquisition comprises the rollout of 400 sites in the next 4 years. The timing of the operation further coincides with the imminent arrival of 5G which, as in the other markets in which Cellnex operates. “With OMTEL, we are not only integrating one of the leading independent telecommunications infrastructure operators in Portugal. We are also committing to the consistent growth in Europe, incorporating the eighth market," Tobias Martínez, Cellnex CEO.